NORTECH SYSTEMS INC
For the period ended Aug 12, 2026. Filed Aug 12, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Aug 12, 2026 · Filed Aug 12, 2026
NSYS$11.20+6.7%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (IN THOUSANDS, EXCEPT SHARE DATA)
(IN THOUSANDS, EXCEPT SHARE DATA)
| JUNE 30, 2026 | DECEMBER 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $1,380 | $1,655 |
| Restricted cash | 294 | - |
| Accounts receivable, less allowance for credit losses of $154 and $161, respectively | 19,850 | 16,998 |
| Inventories, net | 24,512 | 20,695 |
| Contract assets | 16,979 | 15,184 |
| Prepaid assets and other assets | 1,279 | 1,618 |
| Total current assets | 64,294 | 56,150 |
| Property and equipment, net | 4,977 | 5,203 |
| Operating lease assets, net | 6,420 | 7,016 |
| Deferred tax assets | 3,963 | 3,394 |
| Other intangible assets, net | 147 | 156 |
| Deferred line of credit issuance costs, net | 244 | - |
| Total assets | $80,045 | $71,919 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Lines of credit | $7,868 | $7,000 |
| Current portion of term loan, net of debt issuance costs | 432 | - |
| Accounts payable | 14,949 | 12,809 |
| Accrued payroll and commissions | 2,808 | 1,822 |
| Customer deposits | 6,848 | 5,386 |
| Current portion of operating leases | 1,246 | 1,332 |
| Current portion of finance lease obligations | 243 | 274 |
| Other accrued liabilities | 1,644 | 1,221 |
| Total current liabilities | 36,038 | 29,844 |
| Long-term liabilities: | ||
| Term loan, net of debt issuance costs | 1,636 | - |
| Long-term operating lease obligations | 5,929 | 6,476 |
| Long-term finance lease obligations | 534 | 626 |
| Other long-term liabilities | 434 | 426 |
| Total long-term liabilities | 8,533 | 7,528 |
| Total liabilities | 44,571 | 37,372 |
| Shareholders’ equity: | ||
| Preferred stock, $1 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding | 250 | 250 |
| Common stock - $0.01 par value; 9,000,000 shares authorized; 2,853,766 and 2,786,134 shares issued and outstanding, respectively | 29 | 28 |
| Additional paid-in capital | 18,409 | 17,855 |
| Accumulated other comprehensive loss | (619) | (709) |
| Retained earnings | 17,405 | 17,123 |
| Total shareholders’ equity | 35,474 | 34,547 |
| Total liabilities and shareholders’ equity | $80,045 | $71,919 |
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